Online DD SBI – How To Make Demand Draft Form Online In SBI Bank

Online DD SBI – How To Make Demand Draft Form Online In SBI Bank: Friends, you must have heard about your DD meaning demand draft form. If you want to issue Demand Draft for your School, College or any Organization fees then you can do in just 15 mins through SBI online using Net banking. After that got your DD in hand in less than 2 hours.

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What is Demand Draft ? – Use of Online DD SBI

Nowadays many people generally use money transfer options like NEFT, RTGS, or IMPS online transfer to make payment. So these days many old payment options are losing their importance, but demand draft is one such instrument, which is still in use. Demand draft also known as DD is still used by many institutions such as schools, colleges, exam conducting centers etc. for their application or admission process.

Demand Draft is a kind of money transaction medium that is used for the payment of rupees. Demand draft is one of the safest modes of transaction. Mostly, the demand draft is issued when the parties do not know each other and there is a lack of trust in them.

Demand Draft Fees SBI

The bank charges an additional fee for providing this facility. In 2007, the Reserve Bank of India (RBI) had fixed a fee for this facility, but its fee varies from time to time. Different banks have different charges for making demand drafts. For example, you can see the list below.

Amount  Demand Draft Fee
Rs 5000Up to Rs 25.00
Rs5,000 to Rs 10,000Rs 50.00
Rs 10,000 to Rs 1 lakhRs 5.00 per thousand
Rs 1 lakhRs 4.00 per thousand

How to Make Demand Draft Online DD SBI

Step by Step Procedure For Making Demand Draft Online through SBI Bank:

Step-1: First You need to login to your SBI Online Account using your username and password. Your SBI Online Net banking Portal

Step-2: Click on Payments / Transfers Tab which is highlighted in this image.

Step-3: Scroll Down to the section > Other Payments / Receipt. And Click on the Issue Demand Draft.

Step-4: Enter Profile Password and click submit Button.

Step-5: By Default Demand Draft is set to INR 0 , you need to change the limit first.

Step-6: Fill the amount for which you want to make demand draft and also fill In Favour and purpose of payment.

Step-7: You have 2 mode of delivery option to choose Collect in Person  or Courier. If you want as soon as possible you should select Collect in Person , as in my case I selected Collect in Person.

Step-8: Visit SBI With Print Out Of Demand Draft Issue Request.

Step-9: Get Demand Draft (Online DD) In Your Hand.

Demand Draft Validity

That’s it you just got your DD which is valid for 3 months from the day it is made on. the bank asks for revalidation of the draft. For this, you will have to go to the bank again and get the draft revalidated.

How to get the draft canceled

  • To get the draft canceled, you have to go to your bank and write an application to get the draft canceled. The bank will again charge some of its own fees for the cancellation of the draft and will cancel that draft.
  • After the cancellation of any draft, after about 10 days, your money will come into your account. In many banks, when the facility of your draft runs out, the money automatically comes into your account.

So Guys in this post we informed and given you a short demo about Online DD SBI – How To Make Demand Draft Form Online In SBI Bank. Hope You Loved it.

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